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Fannie Mae’s January 2016 Home Purchase Sentiment Index (HPSI):
- The HPSI decreased 1.7 points month-over-month.
- This puts January’s HPSI at 81.5.
- The share of consumers who reported their net income was significantly higher than one year ago fell 3 percentage points month-over-month.
The February preliminary Money Anxiety Index:
- The February preliminary Money Anxiety Index is 62.4.
- This is the same as January’s index.
- This indicates uncertainty and confusion among consumers about the economy.
February preliminary Money Anxiety Index
Mortgage rates:
[graphiq id=”b2w6fmfIyNL” title=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/b2w6fmfIyNL” link=”http://mortgage-lenders.credio.com” link_text=”30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
[graphiq id=”2NvK9Bl9HIF” title=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months” width=”600″ height=”400″ url=”https://w.graphiq.com/w/2NvK9Bl9HIF” link=”http://mortgage-lenders.credio.com” link_text=”15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio”]
Home equity rates:
[graphiq id=”kPkTJrAnX5r” title=”Average Home Equity Loan Bank Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/kPkTJrAnX5r” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Bank Rates by State | Credio”]
[graphiq id=”dP0v3iYOnH” title=”Average Home Equity Loan Credit Union Rates by State” width=”600″ height=”465″ url=”https://w.graphiq.com/w/dP0v3iYOnH” link=”http://mortgage-lenders.credio.com” link_text=”Average Home Equity Loan Credit Union Rates by State | Credio”]
Last week’s most recent market news:
Mortgage Bankers Association’s Mortgage Credibility Index (MCAI) for January 2016:
- The MCAI decreased 0.4 percent month-over-month, to 123.8.
- This indicates that lending standards are tightening.
- The Conforming MCAI saw the greatest tightening (1.5 percent) followed by the Government MCAI (0.8 percent).
Email market reports to press@inman.com.